Word: fiscality
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Dates: during 1950-1959
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...Bolivia [March 2] was more violent but otherwise in line with the response to similar factual descriptions of the Bolivian situation. A year ago Senator Theodore Green and I were bitterly attacked in La Paz for a speech in the Senate and for an article, respectively. I served as fiscal adviser to the Bolivian government on a special U.S. mission in 1956-57. I returned with the conviction that a continuation of U.S. aid policies would lead to further economic and social deterioration and disaster. Privately, most of the U.S. technicians in Bolivia will confirm your story and tell...
...crossbreeds of humans, is less worrisome than that in the U.S. South; Hawaii's intensely loyal 185,000 Japanese sent thousands of their sons to war after Pearl Harbor, and they won a proud record. Bolstered by a high literacy rate, steady solvency (U.S. tax revenues for fiscal 1958: $166 million), a dedicated interest in government (average turnout at the polls: 90% v. 60% mainland presidential peak), the fabled land of polysyllabic kings, brown-skinned women and languorous beauty-supercharged with its brilliant mosaic of cultures-has now opened the door on a new epoch for itself...
...fiscal troubles of wealthy "Soapy" Williams (Mennen powder, shaving cream, etc.) arose partly because welfare legislation passed at his urging gobbles up a lot of revenue. But the immediate cause of the state's crisis is the recession. With Michigan hard hit by unemployment, especially in automaking Detroit, the 3% state sales tax brought in $43 million less than Soapy had counted on, and at the same time the state had to increase its total outlays for relief...
...present situation by discouraging new investment, but there is little question that their criticism of his welfare-at-any-cost policies are much closer to home. In the midst of the attempts to pay current expenses, Williams was reported to be planning a budget increase of $150 million for fiscal 1960. Observers seem to think that he will succeed in bailing out the current debts through borrowing against trust funds, but it does not seem likely that he will get his increase. The state Republicans are willing to let Michigan's troubles hurt Williams even at the expense...
Food is big business within the University. During the last fiscal year, the Dining Hall Department spent $3,576,547--but less than half of this amount went directly to wholesale grocers. In fact, the Department spends only 44.3 per cent of its annual budget on the 31,000 pounds of flour or the 60,000 quarts of milk used monthly in its operations. If budget trimming can be practiced in the Department, it might start among the salaried workers. Wages account for 44.1 per cent of the Department's expenditures, and a reduction might make a drop...